MYT Netherlands Parent B.V. (NYSE:MYTE) Posts Earnings Results, Beats Estimates By $0.02 EPS

MYT Netherlands Parent B.V. (NYSE:MYTEGet Rating) posted its quarterly earnings results on Thursday. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.04 by $0.02, MarketWatch Earnings reports. MYT Netherlands Parent B.V. had a negative net margin of 2.63% and a positive return on equity of 10.02%. During the same quarter in the previous year, the firm posted ($0.52) earnings per share.

Shares of MYTE traded up $0.29 during trading hours on Friday, reaching $9.77. The company had a trading volume of 90,960 shares, compared to its average volume of 198,324. The firm has a 50 day simple moving average of $11.78 and a 200-day simple moving average of $17.66. The company has a current ratio of 2.98, a quick ratio of 1.03 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $825.47 million, a price-to-earnings ratio of -37.58 and a beta of 0.30. MYT Netherlands Parent B.V. has a 12-month low of $9.06 and a 12-month high of $32.71.

Several research analysts have commented on MYTE shares. Cowen lowered their price target on shares of MYT Netherlands Parent B.V. from $40.00 to $22.00 in a report on Thursday, February 17th. Credit Suisse Group lowered their target price on shares of MYT Netherlands Parent B.V. from $27.00 to $18.00 and set an “outperform” rating for the company in a report on Wednesday, March 16th. Morgan Stanley restated an “equal weight” rating and issued a $14.00 target price (down previously from $39.00) on shares of MYT Netherlands Parent B.V. in a report on Tuesday, April 12th. Zacks Investment Research downgraded shares of MYT Netherlands Parent B.V. from a “buy” rating to a “hold” rating in a research report on Thursday, February 24th. Finally, UBS Group upgraded shares of MYT Netherlands Parent B.V. from a “neutral” rating to a “buy” rating and reduced their price target for the company from $30.00 to $19.00 in a research report on Thursday, March 24th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $22.00.

Several institutional investors and hedge funds have recently made changes to their positions in MYTE. GAM Holding AG grew its stake in MYT Netherlands Parent B.V. by 14.1% in the 4th quarter. GAM Holding AG now owns 841,978 shares of the company’s stock valued at $17,858,000 after acquiring an additional 103,949 shares during the last quarter. Lord Abbett & CO. LLC boosted its stake in shares of MYT Netherlands Parent B.V. by 18.1% during the 1st quarter. Lord Abbett & CO. LLC now owns 296,518 shares of the company’s stock worth $3,626,000 after purchasing an additional 45,369 shares during the last quarter. Credit Suisse AG boosted its stake in shares of MYT Netherlands Parent B.V. by 13.3% during the 4th quarter. Credit Suisse AG now owns 85,789 shares of the company’s stock worth $1,820,000 after purchasing an additional 10,098 shares during the last quarter. Sei Investments Co. boosted its stake in shares of MYT Netherlands Parent B.V. by 2.5% during the 1st quarter. Sei Investments Co. now owns 67,704 shares of the company’s stock worth $828,000 after purchasing an additional 1,675 shares during the last quarter. Finally, Citadel Advisors LLC purchased a new position in shares of MYT Netherlands Parent B.V. during the 4th quarter worth about $930,000. Institutional investors and hedge funds own 22.36% of the company’s stock.

About MYT Netherlands Parent B.V. (Get Rating)

MYT Netherlands Parent B.V., through its subsidiary, Mytheresa Group GmbH, operates a luxury e-commerce platform for fashion consumers in Germany, the United States, the rest of Europe, and internationally. The company sells clothes, bags, shoes, accessories, and fine jewelry through online and retail stores.

Further Reading

Earnings History for MYT Netherlands Parent B.V. (NYSE:MYTE)

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